2015 News Archive
 

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GWSCPA News

5 Ways Accountants Can Boost Their Soft Skills

Can you “learn” soft skills the way you can learn how to sew or play the guitar? The answer is yes, but don’t expect the learning ground to be a company-sponsored workshop. Even though many managers say it takes strong soft...

Prepare for the Remote Worker

As the number of companies offering workplace flexibility and remote work arrangements continues to grow, the likelihood that your firm will get the request to work outside the office (or already has) is quite high. Ensuring that you’re...

IRS Has Trouble Verifying Social Security Tax Exemptions

The Internal Revenue Service cannot readily identify American citizens and resident aliens working in a foreign country, along with resident aliens working in the United States, who may have improperly claimed exemption from U.S. Social Security...

IIA Asks SEC to Require Internal Auditors at All Public Companies

The Institute of Internal Auditors has sent a letter to the Securities and Exchange Commission calling on the SEC to require internal audit functions for all publicly traded companies. The letter came in response to the SEC’s call for...

Proposed rules govern taxation of gifts and bequests from covered expatriates

Taxpayers who receive gifts or bequests from certain individuals who gave up their U.S. citizenship or residency will be subject to tax under rules proposed by the IRS on Wednesday ( REG-112997-10 ). The proposed regulations implement Sec. 2801,...

FASB releases proposed 2016 GAAP taxonomy

FASB on Tuesday released its proposed 2016 GAAP Financial Reporting Taxonomy for public comment. The proposed taxonomy contains updates for accounting standards and other recommended improvements to the official taxonomy, which is used by public...

PCAOB reveals focus for inspections of broker-dealer auditors

PCAOB inspectors will focus on five areas of audit firm performance in their 2015 inspections of auditors of brokers and dealers, according to a staff inspection brief published by the board. The PCAOB issued the brief to help auditors, audit...

GASB publishes authoritative implementation guidance

GASB published its authoritative implementation guide Thursday, culminating a process that brought changes resulting from a yearlong feedback process on previously issued implementation guidance. Implementation Guide No. 2015-1 provides...

Changes proposed for CPA exam would enhance higher-order skills testing

The AICPA has proposed changes to the Uniform CPA Examination that are designed to enhance testing of higher-order skills that newly licensed CPAs need to possess in the wake of changes in the profession that have altered job responsibilities....

Finance decision-makers less confident in third quarter

Finance decision-makers at businesses remain confident overall in their own organizations and in the domestic economy, but overall economic sentiment dropped for the third quarter in a row, according to a new survey.  The decline, though small,...